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☆ Long Covid is affecting women more than men, national survey finds
▼ + stars: | 2022-10-31 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Long Covid is more common among women than men, according to federal data. Long Covid was defined as experiencing symptoms for three months or more after infection. Women were also more likely to suffer from more severe long Covid, the survey found. Overall, more than 14% of U.S. adults had long Covid at some point during the pandemic, the survey found. Seven percent of U.S. adults currently have long Covid, according to the data.

☆ The Fed may have to blow up the economy to get inflation under control
▼ + stars: | 2022-10-30 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

Jobs report also on tapThe Fed meeting takes place just two days before the nation will get its next report card on the labor market. Another jobs report, from payroll processor ADP, is also due out next week, and this one looks just at Corporate America. The government said in the September jobs report that average hourly earnings rose 5% in the past 12 months. The Fed typically prefers to see wage growth in the 2% to 3% annual range as a sign that inflation is under control. Discovery, Starbucks (SBUX), PayPal (PYPL), Amgen (AMGN) and Block (SQ)Friday: US jobs report; earnings from Cardinal Health (CAH), Duke Energy (DUK) and Hershey (HSY)

☆ Q3 GDP did suggest the Fed's rate hikes are having the desired effect, says Brookings Institute's Wessel
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQ3 GDP did suggest the Fed's rate hikes are having the desired effect, says Brookings Institute's WesselDavid Wessel, Brookings Institution senior fellow in economic studies, joins 'The Exchange' to discuss if the Federal Reserve is starting to get results, if there's anxiety about what lies ahead for the economy and more.

☆ China still the biggest threat to the U.S.
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina still the biggest threat to the U.S. Despite Russia’s brutal and unprovoked war in Ukraine, China is still the biggest threat to the United States, according to the Pentagon’s new national defense strategy, which is out today. Michael O’Hanlon, sr. fellow at the Brookings Institution, joins Kayla Tausche and ‘The News with Shepard Smith’ to discuss.

☆ China's Xi deals knockout blow to once-powerful Youth League faction
▼ + stars: | 2022-10-26 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

BEIJING, Oct 26 (Reuters) - The three most glaring omissions from China's new Communist Party leadership share one common trait: all rose through its Youth League and were considered members of a once-powerful faction whose influence Xi Jinping has now effectively crushed. "On Hu Chunhua, I think this has been Xi Jinping's main tactic of shutting down the youth league faction," said Victor Shih, an expert on elite politics in China and a professor at the University of California, San Diego. "They are completely defeated," said Cheng Li, a specialist on the transformation of political leaders in China, referring to the sidelining of the Youth League faction. The Youth League has been active in attacking foreign brands accused of misbehaviour in China, such as false advertising. The Youth League did not immediately respond to a request for comment on Wednesday.

☆ Li Xi gets graft-busting role on China's new Standing Committee
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +3 min

BEIJING, Oct 23 (Reuters) - Li Xi, the Communist Party chief of the economic powerhouse Guangdong province, assumed two new titles on Sunday when he was elevated to the elite Politburo Standing Committee and put in charge of the party's influential graft-busting body. Li's ties to Xi stem in part from his indirect links to Xi's late father, the Communist Party revolutionary Xi Zhongxun. His career took off in 2015 when he was appointed party secretary of Liaoning province in China's northeast. In 2017, he was named Guangdong party boss, a coveted role that propelled him onto the 25-member Politburo. All but one of the last five party chiefs in Guangdong, which borders Hong Kong, have subsequently joined the Standing Committee.

Promoted despite facing difficulties in leading China's capital, Cai is much like another Xi ally elevated to the Standing Committee, Shanghai Party Secretary Li Qiang. Cai and Li on Sunday joined a long list of Shanghai and Beijing Party bosses that have been promoted to the Standing Committee. Cai was promoted in 2014 to general office deputy director at the Beijing-based National Security Commission, a body founded and chaired by Xi. In 2017, just weeks after the 19th Party Congress, Cai faced loud public criticism over the forced eviction of migrant workers on Beijing's outskirts. A decade later, during a Beijing Party committee meeting on cyberspace and ideology hosted by Cai, no mention was made of citizens using social media to hold officials accountable.

The Florida Democratic Party noted it has had a Municipal Victory Program since 2016 that includes efforts to fundraise and help school board candidates. Historically, it hasn’t taken a lot of cash to influence school board races, which are generally nonpartisan and often draw low voter turnout. In a 2018 survey, just 9 percent of school board officials reported spending more than $5,000. “What Ron DeSantis is doing in Florida — supporting a bunch of these school board candidates — is really smart, because the No. Some of the liberal efforts to push back against conservatives in school board races are well established.

☆ Analysis: U.S. Republicans aim at Ukraine aid but unlikely to block it
▼ + stars: | 2022-10-21 | by ( Patricia Zengerle | ) www.reuters.com time to read: +6 min

All 57 House votes against a bill providing more than $40 billion for Ukraine in May came from Republicans. Anderson said some Republicans have viewed Ukrainian President Volodymyr Zelenskiy's administration as corrupt since Trump's first impeachment trial. House Democrats voted to impeach Trump in 2019 on charges he held up military aid for Kyiv to put pressure on Zelenskiy to investigate one of Biden's sons. Several defense industry executives said they viewed the Republican comments on Ukraine aid as political rhetoric ahead of the midterms, not a threat. A Reuters/Ipsos opinion survey this month showed 73% of Americans felt the United States should continue to support Kyiv.

☆ Truss’s exit highlights America’s free pass
▼ + stars: | 2022-10-21 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

While British Prime Minister Liz Truss’s tax proposals cut her time in office short, U.S. fiscal policy for years hasn’t been that much different. If it weren’t for the greenback’s status as the world’s reserve currency, the laws of economics would apply to America, too. Her ideological mentors in America have long argued that such tax cuts pay for themselves, and they are nothing new stateside. Still at least by some measures, the United States looks worse than Truss’s country. While Truss’s policy experiment wasn’t given any rope, the United States seems to know no failure.

Iranian Americans rally outside the White House in support of anti-regime protests in Iran following the death of Mahsa Amini, in Washington, U.S., September 24, 2022. Belgium's foreign minister and two other lawmakers cut their hair in parliament. "We are not looking to get involved in regime change," said a Western diplomat. Some officials and analysts argue Tehran may not seek a deal given the political sensitivities at home. "Why would we throw a lifeline to a regime that is on the ropes and that is killing young women?"

☆ Banking agencies to provide guidance on crypto after better understanding risks- FDIC head
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

Oct 20 (Reuters) - Banking regulators expect to provide industry guidance to financial institutions on crypto-related activities once agencies better understand the associated risks, said the acting chairman of the Federal Deposit Insurance Corp."We must understand and assess the risks associated with these activities the same way that we would assess the risks related to any other new activity," said Martin Gruenberg on Thursday during a speech at the Brookings Institution. Gruenberg also added that a potential future payments system based on the use of stablecoin, which are crypto-assets typically pegged to the U.S. dollar, should complement the Federal Reserve's forthcoming FedNow service, as well as a possible U.S. central bank digital currency. Register now for FREE unlimited access to Reuters.com RegisterReporting by Hannah Lang in WashingtonOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Thomas Peter/File PhotoHONG KONG, Oct 18 (Reuters) - As Xi Jinping consolidates power at China's 20th Communist Party Congress this week, Chinese women are not holding their breath for progress in gender equality. Mao Zedong, the founding father of the People's Republic, famously said "women hold up half the sky" and gender equality is enshrined in the country's constitution. "The trend (now) is usually women serve as a deputy or more symbolic position," he said. The sole current female member, Sun Chunlan, who has spearheaded China's zero-COVID policy, is 72 and expected to retire. The Chinese government body in charge of women's rights, the Women's Federation, did not respond to a Reuters request for comment.

☆ Why you should apply for Biden's student-loan forgiveness before mid-November
▼ + stars: | 2022-10-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Student-loan borrowers can apply for debt relief now during a beta testing period. While the site is not formally live, the Education Department advises borrowers apply by mid-November. This will ensure the relief will hit their accounts before payments resume in January 2023. On Friday evening, President Joe Biden's Education Department launched the student-loan forgiveness application in beta mode — a time period during which borrowers can apply for up to $20,000 in loan forgiveness while the department monitors the website and determines any needed fixes before making the application officially live. Biden's administration recommends borrowers submit the forms before mid-November to ensure they can be processed before payments resume in January 2023.

☆ It's still unclear if your student debt will be forgiven before payments resume in January — or how your loan company will carry out the relief
▼ + stars: | 2022-10-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

Payments are still set to resume in January 2023 after being on pause for over two years during the pandemic. When announcing the debt relief, Biden said the extension of the payment pause through December 2022 would be "final," while also noting that the application to apply for relief would go live in early October. While the Education Department recommends borrowers submit their applications by mid-November so the relief can hit their accounts before payments resume, it remains to be seen how effectively student-loan companies will implement the relief. "Another concern is with the loan servicers – we must ensure that they aren't engaging in deceptive or illegal behavior, and holding them fully accountable if they do," she added. And income-driven repayment plans, which are intended to give borrowers affordable monthly payments with the promise of loan forgiveness after at least 20 years, had the same issue — recent reports found loan companies had failed to track payments borrowers had made.

☆ Russian draftees already being killed in combat in Ukraine
▼ + stars: | 2022-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussian draftees already being killed in combat in UkraineMichael O'Hanlon, Brookings Institution senior fellow, joins "The News with Shepard Smith" to discuss Russian draftees joining the fight in Ukraine.

☆ China's economy is 'in deep trouble' as Xi heads to Communist Party congress
▼ + stars: | 2022-10-14 | by ( Laura He | ) edition.cnn.com time to read: +7 min

“Xi’s leadership is not causal for China’s economic rise,” said Sonja Opper, a professor at Bocconi University in Italy who studies China’s economy. Bloomberg/Getty ImagesThe International Monetary Fund recently cut its forecast for China’s growth to 3.2% this year, representing a sharp slowdown from 8.1% in 2021. Under Xi, China has not only become more insular, but has also seen the fraying of US-China relations. He is expected to secure an unprecedented third term in power at the Communist Party Congress that begins on Sunday. “Moreover, growth is not the only source of legitimacy and support for the Communist Party, and Xi has increasingly burnished the Communist Party’s nationalist credentials to appeal to patriotism as well as pocketbooks,” he added.

☆ JPMorgan, Citigroup say higher capital requirements may hurt lending
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Oct 13 (Reuters) - Leaders from U.S. banking giants on Thursday said strict capital requirements, which were bolstered after the 2008 financial crisis, could restrain economic activity. Higher capital requirements for big banks may curb lending and amplify a potential recession, Citigroup (C.N) Chairman John Dugan told attendees at the Institute of International Finance conference in Washington. Register now for FREE unlimited access to Reuters.com RegisterRestraining banks from lending during a slowdown could "amplify the recessionary effect," he said. The U.S. Federal Reserve is conducting a "holistic" review of bank capital requirements and might impose tougher rules on large regional lenders, its new regulatory chief said last month. But the biggest banks, which face the strictest set of capital requirements and have lobbied for years for relief, face an uphill climb with regulators.

☆ No hope for the future: Economic struggles add fuel to Iran's protests
▼ + stars: | 2022-10-12 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

Anti-government uprisings are to remain a sticking point and increase in frequency in Iran's political landscape as dissatisfaction with other factors like the country's economic conditions surface, according to analysts. These protests will be met with force, and increase the Islamic Republic's dependence on Iran's elite armed forces, the Islamic Revolutionary Guard Corps, she told CNBC. Iran's supreme leader Ayatollah Khameinei broke his silence last week and called the protests "riots." Iran's economic troublesInflation in Iran is expected to remain high at over 30%, according to the World Bank. Anti-government uprisings are to remain a sticking point and increase in frequency in Iran's political landscape as dissatisfaction with other factors like the country's economic conditions surface, according to analysts.

☆ Tens of thousands likely jobless after Hurricane Ian, economists say
▼ + stars: | 2022-10-11 | by ( Martha C. White For Cnn Business | ) edition.cnn.com time to read: +8 min

Although the damage is still being tallied, early estimates indicate that Ian could be the most costly hurricane to make landfall in Florida. In the short term, a spike in jobless claims is almost inevitable, economists say: “Hurricane Harvey in Texas prompted a rise of about 50,000 in August of 2017,” noted Mike Englund, chief economist at Action Economics. A view of the destroyed road between Florida's Matlacha and Pine Island after Hurricane Ian. “Katrina was a much more damaging storm, and impacted Louisiana, which is much less affluent than Florida,” Zandi said. A powerboat lies atop a pile of debris two days after the passage of Hurricane Ian, in Fort Myers, Florida.

☆ Nobel Prize in Economics Winners Include Former Fed Chair Ben Bernanke
▼ + stars: | 2022-10-10 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

The winners of the Nobel Prize in Economic Sciences were announced Monday in Stockholm. The Nobel Prize in Economic Sciences was awarded Monday to former Federal Reserve chief Ben Bernanke and two other U.S. academics whose work helped governments and central bankers navigate the global financial crisis and avoid an economic depression of the kind seen during the 1930s. Mr. Bernanke, who served as chairman of the Fed during the crisis, is currently a distinguished senior fellow at the Brookings Institution. His fellow recipients are Douglas Diamond, an economist at the University of Chicago, and Philip H. Dybvig, an economist at Washington University.

☆ Nobel economics prize awarded to U.S.-based economists including Bernanke for work on financial crises
▼ + stars: | 2022-10-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel prize in economic sciences for 2022 for their research on banks and financial crises. They added this was "invaluable" during the 2008-09 financial crisis and the coronavirus pandemic. The winners of the prize — officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — receive 10 million Swedish krona ($883,000) to be split between them. The Royal Swedish Academy of Sciences select the winners from a list of candidates recommended by the Economic Sciences Prize Committee. He again cited the insurance sector in the U.K., when he said the "mismatch" came when there were calls for more collateral from insurance companies.

☆ Nobel Prize in economics awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig for work on financial crises
▼ + stars: | 2022-10-10 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

London CNN Business —Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises. Bernanke, who led the US central bank during the 2008 global financial crisis, received the award for his research on the Great Depression. While Bernanke served as chair, the central bank pioneered a program of quantitative easing, buying up assets to help stimulate economic growth. The Nobel prize, officially known as the Sveriges Riksbank Prize in Economic Sciences, comes with an award of 10 million Swedish kronor ($885,370) to be split equally among the laureates. It was not instituted by Alfred Nobel, but established by Sweden’s central bank and awarded in memory of Nobel.

☆ Switzerland beats the US, Canada, and Germany to be named the world's best country, after winning praise for its business-friendly culture, analysis shows
▼ + stars: | 2022-09-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Switzerland is the best country in the world, according to a US News & World Report analysis. The analysis was created in partnership with the Wharton School of the University of Pennsylvania. The nation was ranked highly for its quality of life and voted the most business-friendly country in the world. The country ranked highly for cultural influence and entrepreneurship and was voted the most powerful country in the world. To create the rankings, US News partnered with the Wharton School of the University of Pennsylvania.

☆ Meet the ideal political candidate: An educated, healthy millennial with business experience, per a new poll
▼ + stars: | 2022-09-27 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

A poll found that the prototypical congressional candidate is a healthy, educated, millennial with business experience. The poll found that American adults care less about political experience and more about how 'in touch' they are. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. The poll from early September inquired about what Americans value when deciding "which candidate to vote for in an election." In addition to education, six-in-10 respondents noted that it would be a "good thing" if more "Americans with business experience" were represented in Congress.

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